aop
ad

Hearts pays tax to ward off winding-up order

by Rachael Singh

More from this author

17 Aug 2011

hmrc-2

HEARTS FC HAS PAID off a substantial tax bill to cancel out a winding up order issued by HM Revenue & Customs.

The taxman ordered the winding up order against the Scottish club at the end of July for an outstanding tax bill - having done the same in July 2009 against the same club, The Daily Telegraph has reported.

It is reported that sheriff officers visited the club to recover an estimated £2.8m penalty owed to HMRC relating to transfer deals.

Former Hearts FC chairman George Foulkes has insinuated HMRC are leaking information to the media, and accused it of having "an agenda" against the club.

"We knew HMRC has been chasing Rangers up for some time but with a major game in the offing for Hearts you wonder if there are people doing this deliberately to blacken the name of the club," said Foulkes told the publication.

Visitor comments Add your comment

display:none

Add your comment

We won't publish your address


By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

Submit

Search thousands of financial jobs:

Information currently unavailable.

Search thousands of financial jobs:

Newsletters

Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials

Careers

Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you

Briefings

Supplier Statement Reconciliations cover

Supplier statement reconciliations: Manual chore or critical value adding process?

By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.

7 Building Blocks cover

7 building blocks for business growth

Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities